Void

When a transaction that has happened in a credit card account is marked as void, this transaction is terminated.

The voided action can be applied to any type of process that the credit card has been involved in, including purchases, payments, improperly processed cash withdrawals, and billings. Whenever a mistake has happened within a credit card account, the word void will be used while the issue is being corrected.

If a transaction was made to an account in error or needs to be removed from the statement for any other reason, it will be necessary to perform a void transaction. A void transaction will instantly and permanently delete that particular transaction from any and all credit records pertaining to that account.

Click for the full glossary of credit card terms.

Similar Articles:

Credit Cards

Disclaimer: This content is not provided or commissioned by American Express, Visa, MasterCard, Discover, or any other credit card company or issuer. The opinions expressed here are the author's alone, not those of any credit card company or issuer, and have not been reviewed, approved or otherwise endorsed by any credit card company or issuer. Credit Card Chaser may be compensated through various affiliate programs with advertisers. As always, Credit Card Chaser is an independent website commmitted to helping people research credit card offers and find the best credit card!